NIC Asia and Swadeshi Laghubitta Sanstha integrated
Kathmandu, March 10
The integrated business of NIC Asia Laghubitta Bittiya Sanstha Limited and Swadeshi Laghubitta Bittiya Sanstha Limited is scheduled to take place from Chaitra 8 onwards.
After the merger of these two institutions, the integrated business will be done under the name of NIC Asia Laghubitta Bittiya Sanstha Limited. An agreement was reached between the two companies to merge on Shrawan 32. The agreement reached Nepal Rastra Bank on Kartik 19. However, the final agreement for the merger was reached between the two institutions on Poush 10 after the Nepal Rastra Bank accepted the proposal.
The final agreement on the merger between the organizations was approved by the separate annual general meeting of the organizations held on Magh 04. After this, Nepal Rastra Bank had given final approval for the merger on Falgun 20. A meeting of the Joint Merger Committee held on Falgun 25 has decided to conduct integrated business on Chaitra 8 under the name of NIC Asia Laghubitta Bittiya Sanstha Limited.